top of page

By:

Kaustubh Kale

10 September 2024 at 11:37:15 pm

Nine Financial Tips for a Prosperous Navratri

As Navratri draws to a close, I wish you and your family happiness, prosperity, and continued success. Festivals are a time of celebration, but they also serve as a valuable reminder to reflect on our financial habits and strengthen our financial discipline. In the spirit of the nine days of Navratri, here are nine essential financial tips to help you stay on track with your financial goals and make your journey towards financial freedom smoother and more secure. Build an Emergency Fund Make...

Nine Financial Tips for a Prosperous Navratri

As Navratri draws to a close, I wish you and your family happiness, prosperity, and continued success. Festivals are a time of celebration, but they also serve as a valuable reminder to reflect on our financial habits and strengthen our financial discipline. In the spirit of the nine days of Navratri, here are nine essential financial tips to help you stay on track with your financial goals and make your journey towards financial freedom smoother and more secure. Build an Emergency Fund Make sure you have at least six months of living expenses saved in a bank fixed deposit or a debt mutual fund. This reserve will serve as your emergency fund for unforeseen situations and ensures you are prepared for any rainy days. Review Your Asset Allocation Revisit your investments to ensure they align with your goals. For short-term goals within three years, bank fixed deposits, recurring deposits, or debt mutual funds are appropriate. For long-term goals beyond three years, a diversified combination of hybrid/equity mutual funds, direct equities, and gold should be preferred. Do Sufficient SIPs Systematic Investment Plans (SIPs) are the backbone of disciplined investing. At least 25-30 percent of your in-hand monthly income should ideally be invested through SIPs in mutual funds, equities, and gold. This consistent approach will steadily build wealth over time. Make Lumpsum Investments Along with SIPs, voluntary lumpsum contributions into long-term assets whenever you have surplus funds can accelerate wealth creation. Even occasional lumpsum additions make a significant difference to the overall corpus. Increase Your SIPs Annually As your income increases, make sure your investments grow as well. Increasing your SIP amounts every year helps your wealth stay in line with inflation and your rising lifestyle needs. Increase your SIPs yearly and anchor them to at least 30 percent of your monthly income. Stay Invested Remain invested until your financial goals are achieved. Avoid redeeming investments unnecessarily. Frequent withdrawals disrupt compounding. If liquidity is required, consider taking an overdraft loan against your investments rather than breaking them prematurely. Health Insurance Safeguard your family with adequate health insurance. Opt for a minimum cover of 25 lakhs per family member with comprehensive features. Remember that relying only on employer-provided insurance is risky. Independent health insurance is essential. Term Life Insurance Protect your loved ones with a pure term life insurance policy. Ensure a cover of at least ten times your annual income, along with provisions for any outstanding loans. Stay away from mixing insurance with investments. A simple term plan is the most effective solution. Consult a Financial Advisor A full-time, well-qualified financial advisor can simplify your financial journey. Professional guidance ensures disciplined planning, correct product selection, and proper execution of your financial strategy. May this festive season bring abundance and lasting financial peace. (The author is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

Ahoo Daryaei: Student Who Stripped for Freedom

Nov 10, 2024
3 min read

Updated: Nov 12, 2024

Ahoo Daryaei

On an ordinary day at Tehran’s prestigious Islamic Azad University, a student’s act of protest sent shockwaves across the globe. In a striking moment of defiance, an unnamed Iranian woman, later identified by some sources as Ahoo Daryaei, stripped down to her undergarments in protest against the forced enforcement of the country’s hijab laws. The incident, captured in a viral video, quickly became a flashpoint for the ongoing debate about women’s rights in Iran, highlighting both the bravery and the risks that come with challenging the strict moral codes.


UK-based Iranian national Parnian Ferdosi says the incident took place at Tehran’s prestigious Islamic Azad University. Ferdossi says, “There has not been any widespread protest following the incident. However, one can tell that the situation has changed in Iran which is evident in ways the government is responding to Ahoo Daryaei taking her clothes off at a university in Tehran.”


Daryaei’s protest was sparked after she was allegedly accosted by moral police for wearing what authorities deemed an “improper” hijab. Humiliated and enraged, she took the unprecedented step of shedding her clothes and marching through the university campus, a bold and public rejection of the laws that control women’s dress and, by extension, their lives.


The viral video of Ahoo Daryaei’s protest has sparked widespread debate, with some condemning her actions and others expressing sympathy. While details remain unclear, the incident has reignited discussions on women’s rights in Iran. The university spokesperson claimed Daryaei was “under severe mental pressure” and cited personal issues, including a recent separation and her status as a mother of two. He denied a confrontation with security guards but alleged an altercation with students she filmed without permission. The Amir Kabir newsletter, however, reported that she was beaten during her arrest, and concerns about her safety have mounted, with no confirmed details on her whereabouts. Amnesty International has called for her immediate release, fearing for her life and urging an independent investigation.


The protest has once again brought the issue of Iran’s mandatory hijab law into sharp relief. The law, which compels women to cover their hair in public, has long been a point of contention, with many Iranian women braving arrest, imprisonment, and even violence to express their opposition. Women in Iran began advocating for their rights in the late 19th century, with their efforts gaining traction and receiving support from the country’s leaders during the early reforms of the first Shah. However, after Ayatollah Khomeini’s 1979 Islamic revolution, the progress made by Iranian women was severely reversed, as the new regime imposed strict conservative policies that curtailed their freedoms. Since then, Iranian women have been fighting to reclaim their autonomy, with movements for equality growing more visible and vocal in recent years.


This latest protest follows in the wake of the death of the Iranian-Kurdish woman Mahsa Amini in 2022, whose tragic passing while in police custody sparked widespread protests across the country. Amini’s death, attributed by the authorities to a heart attack, was widely suspected to be the result of police brutality, igniting a firestorm of dissent that saw Iranian women (along with their male allies) take to the streets, burning their hijabs and demanding an end to the repressive regime. The movement, known as ‘Women, Life, Freedom’ has become a symbol of resistance not only within Iran but globally as well.

Key demands of the protestors have been; end of mandatory hijab law, equal rights for women in education, employment, and politics and an end to violence against women including domestic violence and police brutality.


While the Iranian government has dismissed Daryaei’s actions as the result of “mental instability,” the growing international response suggests a shift in the atmosphere of dissent. Amnesty International has called for her immediate release, fearing for her safety and demanding an independent investigation into allegations of abuse. Iranian activists, such as Hossein Ronaghi, have rallied in support of Daryaei, urging for the release of all available footage to clarify what occurred during her arrest and the subsequent treatment she endured.


Though no widespread protests have yet emerged in the wake of Daryaei’s protest, the incident has catalysed a subtle shift in the national discourse. What was once a single woman’s protest against a piece of cloth has now become a rallying cry for personal freedom in a country where the right to self-expression is closely policed. Whether or not her identity is ever fully confirmed or her whereabouts disclosed, Ahoo Daryaei’s act of defiance has cast a stark light on the realities faced by women in Iran, while epitomising the resilience they continue to show in their struggle for equality.

Comments


bottom of page